Homework SourseThe Dogs of the Dow refer to the stocks listed on the Dow wi
The \"Dogs of the Dow\" refer to the stocks listed on the Dow with the highest dividend yield. The following table shows the top 10 stocks of the \"Dogs of the Dow\" list in November 2011.
You decide to make a small portfolio consisting of a collection of 3 of the top 10 Dogs of the Dow.
(a) How many portfolios are possible?
portfolios
(b) How many of these portfolios contain VZ and KFT but neither JNJ nor DD?
portfolios
(c) How many of these portfolios contain at least two stocks with yields above 3.5%?
| Symbol | Company | Price | Yield |
|---|---|---|---|
| T | AT&T | 29.46 | 5.84% |
| VZ | Verizon | 37.52 | 5.20% |
| MRK | Merck | 34.47 | 4.41% |
| PFE | Pfizer | 20.08 | 3.98% |
| JNJ | Johnson & Johnson | 64.86 | 3.52% |
| INTC | Intel | 24.75 | 3.39% |
| KFT | Kraft | 35.48 | 3.27% |
| DD | DuPont | 49.81 | 3.29% |
| CVX | Chevron | 108.86 | 2.87% |
| MCD | McDonald\'s | 94.60 | 2.58% |
Solution
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